Baha Mar $3.5 billion Chapter 11 restructuring

Overview:

• Baha Mar, a Bahamas resort, filed for chapter 11 bankruptcy in June 2015. 
• The Export-Import Bank of China, one of the main creditors of the resort, filed a motion to dismiss the case.
• A Delaware judge dismissed the case in the US in September 2015. 
• Edmund Rahming of KRyS Global and Mark Nicholas Cropper and Alastair Beveridge of AlixPartners Services UK were appointed as provisional liquidators.
• After missing three separate planned openings, the resort finally opened in April 2017. 

Rani Mehta - Journalist